Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products Market in the D-A-CH region is experiencing negligible growth due to limited consumer awareness and lower adoption of digital technologies. Factors such as lack of convenience and traditional food preferences are also impacting the growth rate.
Customer preferences: In the D-A-CH region, there is a growing trend towards healthier and more sustainable food choices, leading to an increase in demand for organic and gluten-free cereal products. This is driven by a rise in health-consciousness among consumers, as well as a growing awareness of environmental issues and the impact of food production on the planet. As a result, companies in the Other Cereal Products Market are focusing on developing and promoting healthier and sustainable options to cater to this evolving consumer preference.
Trends in the market: In the D-A-CH region, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is witnessing a surge in demand for gluten-free and organic options. This trend is driven by increasing health consciousness among consumers and a rise in gluten intolerance cases. In addition, there is a growing trend of incorporating ancient grains, such as quinoa and amaranth, into cereal products. These trends are expected to continue in the future, as consumers seek healthier and more diverse options in their breakfast choices, presenting opportunities for industry stakeholders to expand their product offerings and cater to changing consumer preferences.
Local special circumstances: In Germany, the Other Cereal Products Market is heavily influenced by the country's strong emphasis on organic and sustainable food production. This has led to a higher demand for organic cereal products, with consumers willing to pay a premium for these products. Additionally, the strict regulations on food labeling and ingredients have created a more transparent market, with consumers placing a high value on products with clear and trustworthy information. These factors have greatly impacted the dynamics of the market, with both producers and consumers adapting to these unique circumstances.
Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is impacted by macroeconomic factors such as changing consumer preferences, government policies, and economic stability. Countries with strong economic growth and stable political climate are experiencing higher demand for healthy and convenient food options, leading to the growth of the Other Cereal Products Market. Additionally, rising health consciousness and increasing disposable income in developing countries are also contributing to the expansion of the market. On the other hand, economic downturns and trade policies may adversely affect the market growth by reducing consumer spending and increasing production costs. Furthermore, fluctuations in raw material prices and currency exchange rates can also impact market performance.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
